Stabilized Multifamily Portfolio
For Sale
Contact for pricing
406 E Gilbert St, Muncie, IN 47305
Portfolio includes 24 multifamily properties totaling 101 units, with stabilized performance and 94% occupancy.
Property SizeContact for details
Days on Market135
Property Features for 406 E Gilbert St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
94%
Additional Details
Cap Rate
8.71%
Multifamily Units
101
Listing Agency:
Envoy Real Estate
(317) 775-2289
Listed By:
Jordan Kornmann · License #IN RB17000305
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Envoy Real Estate
Investment Insights
Based on property information with market context.
This offering presents a stabilized multifamily portfolio comprising 24 properties and 101 total units. The assets are described as being part of a larger portfolio, with ownership structured for efficient property management.
Many of the properties are located in close proximity to each other, supporting streamlined oversight across the group. The seller would prefer to sell the entire package, though sales in groups may also be considered as outlined in the attached OM.
The portfolio is currently described as 94% occupied, and the public remarks list an 8.71% cap rate for the package.
Many of the properties are located in close proximity to each other, supporting streamlined oversight across the group. The seller would prefer to sell the entire package, though sales in groups may also be considered as outlined in the attached OM.
The portfolio is currently described as 94% occupied, and the public remarks list an 8.71% cap rate for the package.
Key Highlights
- Portfolio includes 24 multifamily properties with a total of 101 units in Muncie & New Castle, IN
- Stabilized portfolio with 94% occupancy
- Performance listed at an 8.71% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
101
Residential units
94%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 47305, IN
3,629
Population
2,512
Households
1.4
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
1.3 sq mi
ZIP Area
2,792
Density / Sq Mi
$33,125
Median Household Income
$30,648
Median Earnings
$744
Median Rent
$77,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes 24 multifamily properties totaling 101 units, with stabilized performance and 94% occupancy.
Where is this apartment building located?
The property is located at 406 E Gilbert St Muncie, IN.
What are key features of this property?
This property features: Portfolio includes 24 multifamily properties with a total of 101 units in Muncie & New Castle, IN; Stabilized portfolio with 94% occupancy; Performance listed at an 8.71% cap rate
